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Monthly Archives: July 2019

Posted: Wednesday July 31, 2019
Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q2 2019

31Jul2019

It’s July in Phoenix and it is hot — both in temperature and in the office market.  The office market remains hot but office net absorption (job growth) cooled off in the 2nd quarter, posting just 245,000 SF in Q2.  Mid-year net absorption stands at 1.5 million SF and will likely hit 3 million SF … Continue reading 1-Minute Phoenix Metro Office Market Update: Q2 2019

Categories Narrative, Office Trends

5 Generations in the Work Force

17Jul2019

I saw the below graph and article and it hit me:  there are 5 generations now in the work force.  How is anybody managing that?  Then my commercial real estate mind immediately kicked in and thought:  how are we designing space to accommodate the various needs of each cohort? The truth is, I’m sure we are….at … Continue reading 5 Generations in the Work Force

Categories Economy, Narrative

The Shrinking Middle Class

2Jul2019

  There has been a lot of talk about the middle class getting squeezed and the numbers below bear this out.  Take a look at the graphs.  What does this mean to the average worker?   Rent, medical costs and tuition have increased more than income, shrinking savings. The median hourly wage in the U.S. … Continue reading The Shrinking Middle Class

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